FBNH has rebounded to a N1 Trillion Market Cap.

NewsOnline Nigeria reports that as part of a boom in the NGX, FBN Holdings, the parent group of First Bank Limited has once again crossed the N1 trillion market capitalization level.

The stock gained 10% to close at N28.60 on January 9, 2024, thus taking its market capitalization to N1.026 trillion.

ALSO: UBA Crosses N1 Trillion Market Capitalization

This comes one day after the United Bank for Africa (UBA) also crossed the N1 trillion market cap.

This is not the first time First Bank has crossed the N1 trillion market cap, as it crossed the mark on December 6, 2023.

The advancement by First Bank means there are now 10 companies with a market capitalization exceeding N1 trillion in the Nigerian Exchange (NGX).  

More details to follow…